Nicolet Bankshares Inc. Cuts Position in AT&T Inc. (NYSE:T)

Nicolet Bankshares Inc. trimmed its position in shares of AT&T Inc. (NYSE:T - Free Report) by 60.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,720 shares of the technology company's stock after selling 15,082 shares during the period. Nicolet Bankshares Inc.'s holdings in AT&T were worth $221,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Marshall Investment Management LLC purchased a new position in AT&T in the 4th quarter valued at approximately $28,000. Tradewinds Capital Management LLC boosted its holdings in AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock valued at $30,000 after purchasing an additional 430 shares during the period. YANKCOM Partnership acquired a new position in AT&T during the 4th quarter worth $30,000. Endeavor Private Wealth Inc. purchased a new stake in AT&T during the 4th quarter worth about $34,000. Finally, McClarren Financial Advisors Inc. acquired a new stake in AT&T in the 4th quarter valued at about $35,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on T. Sanford C. Bernstein raised their target price on shares of AT&T from $28.00 to $29.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. BNP Paribas upgraded shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price target on the stock in a research note on Thursday, February 13th. DZ Bank upgraded shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target for the company in a research note on Wednesday, January 29th. Oppenheimer lifted their target price on AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. Finally, Argus upgraded shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective for the company in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $27.24.

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AT&T Trading Down 1.7 %

Shares of AT&T stock traded down $0.46 during trading hours on Wednesday, reaching $27.04. 27,829,346 shares of the company's stock were exchanged, compared to its average volume of 42,998,934. The firm has a market capitalization of $194.10 billion, a price-to-earnings ratio of 18.15, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 52-week low of $16.06 and a 52-week high of $29.03. The company has a fifty day moving average of $26.71 and a 200-day moving average of $24.05.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Sell-side analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be issued a $0.2775 dividend. The ex-dividend date is Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.11%. AT&T's dividend payout ratio (DPR) is presently 74.50%.

About AT&T

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.